Shareholder Names Take-Two In Suit
by March 11, 2008 @ 1:52 pm
Following news that two major shareholders dumped their stakes in Grand Theft Auto publisher Take-Two, a company shareholder who goes by the name of Patrick Solomon has named Take-Two Executive Chairman Strauss Zelnick and Chief Executive Benjamin Feder in a suit.
The suit highlights the February 15 decision that was made before the EA deal went public to increase ZelnickMedia’s management fees and bonuses to 16.5 million, from 3.8 million, in case of an acquisition.
Shareholder sues video game maker [LA Times]
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